Why is NILE falling/rising?

As of 29-Jul, NILE Ltd's stock price is rising, currently at 1,885.00, reflecting an increase of 90.4 or 5.04%. The stock has shown strong performance recently, gaining 6.5% over the last two days and outperforming its sector by 3.31% today. It opened with a gain of 2.25% and reached an intraday high of Rs 1899, indicating positive momentum. Despite a year-to-date decline of 0.79% and a one-year drop of 18.87%, the stock has outperformed the Sensex in the short term, with a one-week return of 9.93% compared to the benchmark's -1.03%. The company has a low Debt to EBITDA ratio of 0.80, which suggests a strong ability to service debt, and a PEG ratio of 0.9 indicates fair valuation relative to its earnings growth.
In the broader market context, while NILE has underperformed the market over the past year, it has shown resilience in the short term, contrasting with the Sensex's decline. The stock's recent gains may be attributed to its positive financial metrics, such as a return on equity of 13.7 and rising profits despite a flat net sales performance in the last quarter. However, the falling investor participation, with a 14.02% decrease in delivery volume, raises concerns about sustained interest in the stock. Additionally, the lack of domestic mutual fund investment may indicate caution among institutional investors regarding the stock's valuation and long-term growth prospects.